The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Nal, yes, all of what you say is correct. It's just that none of it is relevant to today's situation.
Encouraging to see BHP but not Newmont
https://www.sunstonemetals.com.au/site/pdf/b4611aec-7419-41b3-92dc-da04667cd3c1/investor-presentation.pdf
ecuador
4
• pro-responsible mining
• president daniel noboa recently presented at pdac in toronto and strongly
reinforced mining and foreign investment in ecuador
• investment agreements being signed for the most advanced projects (solgold
cascabel, adventus/luminex condor)
• security issues being well addressed
• permitting timelines improving
• significant investment flowing to development projects and exploration –
recent example of han**** investing us$120mill to earn 49% in 6 concessions
in northern ecuador; zijin us$130mill into solaris (warintza porphyry)
• 2 modern operating mines (including one of the world’s best gold deposits in
fruta del norte)
• several advanced projects – 1 to start construction in 2024
• forms part of the worlds most endowed copper gold belt
• all majors present (bhp, anglo, barrick, codelco)
• mining is a significant contributor to gdp, and this will grow strongly
Big gains in the am, loses most of that in the pm.
would be happier if we got smaller gains, but held on to them day on day.....
Gonna make a great film in the future though.
People will want the solg brand.
Give me strength.
4 million stolen
Ceo sacked by share holders..
Cfo run for the hills after a fortnight.
At least 5 years of miss management.
Still looking for a French translater
Founder and large share holder of the company
Unable to sit in a room with anyone without picking a fight.
When will this lunacy end
Two big buys gone through totalling 730k
I didn't read it that way myself. I thought the TR alluded to expressions of interest and various parties etc but did not set out timelines so could have been historic.
If you recall, Mather said at the time of doing the Franco deal (or before it was pen'd) that he was implying they had interest to fund up to $1bln with ease.
Many dismissed this as a bit of bullish bravdo but I think from 2022 onwards, the likes of Franco have been interested and clearly want more.
The Franco deal initially scoped out a deal of $150m with SOLG doing $100m and then having the $50m available to tap at latter date at 0.5% royalty cap. Hence DC went straight to that viable option in 2022 as made perfect sense. Little did DC know, Bob was lining up a more expensive 0.6% deal with his buddies at Osisko.
The rest is history... but it wasn't DC that upset Franco or caused issues... it was Bob that did that.
We had 0.5% for $50m ready to go with Franco... so came as a shock to see Osisko get it for 0.6%. But I guess is Osisko are chinese connected as many believe... then it tied in with the rather generous 16p placing Bob also gave them. Bob's also gone one further recently by gifting them a fly on the wall seat on the board. So we can only hope that Bob's efforts to please the chinese leads us all to riches.
Swanley,
Total Resource Value - £117B
Total shares in circulation - 3B
Percentage of takeover
1% = 39p
2% = 78p
3% = 117p
4% = 156p
5% = 195p
6% = 234p
7% = 273p
8% = 312p
9% = 351p
10% = 390p
Rule of thumb calculation for takeovers:
1. Market valuations range from 1 - 5% for assets pre development.
2. Market valuations range from 5 - 10% for assets that are being developed and or are operating.
My opinion is that we should accept nothing less than 4 - 6%
Watch the climate deniers increase their rubbish chat to push this post onto page 2. Quady will have an aneurysm when he sees this post. Quady is here to dilute discussions of a takeover. Why?? Because its happening and someone doesn't want the share price to spike!
Don’t start again, you ruined it for everyone yesterday with the nasty insults
Keep them to yourself and talk about solgold
Again Slug you don't understand what you read
I never said the world doesn't make sense.
I said it doesn't make sense to you, because your beliefs are false.
You are the problem not the world.
This is my last post on this subject as people on here want to talk about Solgold.
You’re right the world makes no sense but that’s because you’ve all gone bat crazy
Strategic review never happened what is there to review? Sell it or sell it
If you think this motley crew can build and operate a block cave mine then I’m afraid you’re a sandwich short of a picnic
Slug it must be awful being you.
The world make's no sense to you.
You have conspiracy theories about all aspects of life and even more mad, you think by spreading lies you can convince others.
This announcement has confirmed that Solgold is going to raise, spend and build Cascabel.
We are just awaiting the strategic review, which you said would never happen.
You also said that this latest announcement would never happen.
Sorry, I need to clarify my comment. We have credible expressions of intent. Not quite the same as actual offers, but on the face of it almost as good.
Q, I suspect you may have missed mog's post which gave details of funding news contained within the TR? (I gave you a hat-tip for getting it right)
It's been revealed that we have potential funding, both long and short term, from at least 10 separate parties an have had so for some time. The question which arises from this excellent news is, why haven't we taken any of them up? This in turn has led to speculation that funding is our back-up route and now that we have access to funds, our negotiating position in sale discussions has been strengthened immeasurably. It should be noted that was no mention of any sale or jv discussions in the TR, but then again there wouldn't be as they're not relevant to that particular document.
I apologise if you had seen the post, but I'm assuming you didn't because you didn't comment.
Learn to read properly. It’s a commitment to spend $3.2bn on cascabel not a commitment to raise that money by solgold
Possibly through selling cascabel, solgold, commitments and all to a new buyer
Why are people talking about being sold.
Doesn't anyone read.
The news we have is that Solgold are going to raise 3.2 billion.
Possibly through JV, loans backed maybe by government.
Who knows, but nobody is talking about Solgold being sold.
Same old people twisting news.
Brand? What brand? Outside of investors nobody’s ever heard of it
As for the community stuff anybody can set up a chicken shed and a bakery
Almost done, it will probably go down depending on how many have jumped on the trend.
For sure if I buy in tomorrow morning at 8p it will drop to the 7s.....i seem to have magical powers that I don't really want.
Any buyer will want the SOLGOLD brand as it's embedded into communites. I'm not ENSA will carry much weight.
Based on Bob and Irwin et al wanting a clean exit as that's how they get a full pay day... it's SOLG lock stock and barrel sale imho. Still room to do a regional deal or hive off a few blocks before a full sale is done etc. That would make more sense as would allow Mather to head it up and carry on as before... and find another Tier1 asset. That's the sensible thing. Otherwise.. 60 odd licence blocks go for almost free.
As I understand it, if they sell Cacabel thee is an Ecuador tax liability whereas if they sell Solgold there is none...
However I'm wondering if there is a way to sell the company with an agreement for a new 'shell to reacquire the prospects the buyer doesn't want rather than them have to fiddle around selling them off piecemeal...?
We know Franco and Osisko are already involved in royalty deals totally $150m. I think Mitsui and a few others would like a slice too. Ironically, Newcrest (or now Newmont) had deals with Lundin on Fruta del norte but think Lundin paid these back or a portion of it.
The difference is Fruta del Norte was producing so payback was quite advanced.
Two things to consider with stream and prepaid deals.. 1. The stream deal ranks ahead of equity holders and 2. Super majors do not like them one bit!
So should SOLG reveal a plan to finance Cascabel via stream deals, then I would expect a buy back clause in there so super majors can reduce impact of any signed deals and cash advances. Ultimately, it draws out a counter offer or bid situation.
Of course, it could involve a mix of entities. The benefit of the reduced capex of circa $1.5bln is that it could see $500m from Osisko, $500m from Franco and $500m from Mitsui... but I'm guessing these guys will not want to be carrying the can for $1.5bln so you'd expect a key partner to be involved like Valuestone or Jingxi or CRCC Tonguan etc. In that event you might see less from streamers/royalty deals although I reckon Osisko are as good as chinese in my book so it wouldn't really effect them but it would upset BHP or Barrick et al.
Looks solid enough 91v79 and 3:2 on volume
Is the share price at the point of being taken back down, or will today be the exception and hold.
Firmly bid for 500k at 8.637 vs a quote of 8.1/8.68